P.I.E net profits almost tripled in Q3
KUALA LUMPUR: P.I.E. Industrial Bhd recorded RM11.52 million net profits for the third quarter ended Sept 30, 2026 (Q3 FY26), almost tripled a year ago when it reported RM4.49 million, on improved factory utilisation and tighter cost controls.
KUALA LUMPUR: Industrial conglomerate P.I.E. Bhd reported a significant surge in net profits for the third quarter, nearly tripling to RM11.52 million compared to RM4.49 million in the same period last year. Revenue also increased by 4% to RM212.48 million from RM204.90 million, driven by rising demand for raw wire and cable as well as wire harness products.
However, for the nine months leading up to September 30, 2026, the company's net profit fell to RM9.12 million from RM25.87 million a year before, with revenue declining by 24% to RM535.11 million from RM707.69 million. The decline was mainly due to weaker demand for its electronics manufacturing services (EMS) activities, which incurred a pre-tax loss of RM11.10 million compared to a profit of RM9.66 million previously.
The company remains optimistic about its future prospects, anticipating a recovery in the fourth quarter fueled by higher revenue growth and the launch of AI server-related products. These new offerings are expected to boost fourth-quarter revenue and expand P.I.E.'s overall business scale, as the company aims to capitalize on the growing global demand for AI servers and the China+1 manufacturing diversification strategy.
Looking ahead, P.I.E. plans to intensify its focus on switch and AI server-related businesses while exploring opportunities in emerging segments like AI key components and robotics.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
